Remove Accountant Remove Electronics Remove Mediation
article thumbnail

What is a Brokerage and How Does It Work (Types, Definitions, Examples)?

Peak Frameworks

A brokerage is a company that mediates transactions and fosters market liquidity in the financial markets by acting as a middleman between buyers and sellers. This could be a major exchange like the New York Stock Exchange (NYSE) or an electronic communications network (ECN) that automatically matches buy and sell orders.

IT 52
article thumbnail

Payment Gateway vs Payment Processor: What is the Difference?

Razorpay

It is a platform that connects your bank account to the platform where you need to transfer money. It plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal. Bank Approval: Your bank reviews the request and checks your account. What is a Payment Gateway?

Banking 52
article thumbnail

What Is eMandate: Meaning and How Does It Work?

Razorpay

A mandate is a standard instruction that you provide to your issuing bank and other institutions allowing them to automatically debit the mentioned amount from your bank account. E-mandates are electronic authorisations that allow payers to set up recurring payments for various services or subscriptions. How do e-mandates work?

IT 98